trade discount is a discount which is given at the time of selling the goods. it is not accounted for in the books of accounts. just the selling price is reduced by the trade discount and the purchase as well as sell is recorded at that reduced price.
Guest
Yes Trade discount is the rebate which was given to promote sale. If any discount given by supplier via credit note it should be shown as income of company and showing as 'Income from Discount" in P/L cr side.